Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share

The computations of basic and diluted earnings per common share for the Company were as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands, except share amounts)	2023		2022		2023		2022
Numerator:
Net income - basic	$	8,968	$	9,147	$	18,566	$	16,539
Net income - diluted	$	8,968	$	9,147	$	18,566	$	16,539
Denominator:
Weighted average shares outstanding - basic	7,177,621		7,176,365		7,180,187		7,177,986
Plus: Effect of Director Compensation Program	238		361		450		721
Plus: Effect of restricted stock	16,775		19,917		16,775		19,917
Weighted average shares outstanding - diluted	7,194,634		7,196,643		7,197,412		7,198,624
Earnings per common share:
Basic	$	1.25	$	1.27	$	2.59	$	2.30
Diluted	$	1.25	$	1.27	$	2.58	$	2.30